Labrador Iron Ore Royalty at $27: A Perfect Toll Booth on a Quieter RoadRead More »
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Labrador Iron Ore Royalty at $27: A Perfect Toll Booth on a Quieter Road
Views: 149 2026-08-13 LIORC is not a mining company. It is a single-asset royalty and holding vehicle whose entire economic substance derives from the Iron Ore Company of Canada, an integrated mine, concentrator, pellet plant, 418 km railway and port at Sept-Îles, operated by Rio Tinto. LIORC receives a 7% gross overriding royalty on all iron ore products sold by IOC, a 10 cent per tonne commission, and dividends on a 15.10% equity stake in IOC. It has no employees to speak of, no capital expenditure and no debt, and it distributes essentially all cash it receives. Rio Tinto holds …
